What determines price of the financial asset


What is a bond? What determines the price of this financial asset? How does the potential for default of a bond affect the yield of the bond? Why are some bonds sold at a premium, some at par value, and some at a discount?  What role do Moody's, Standard and Poor's, or Fitch's bond ratings play in the pricing of a bond?

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Finance Basics: What determines price of the financial asset
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